EURC Now Available on Base

If the last crypto cycle taught businesses anything, it’s that payments win on reliability, not theatrics. With EURC on Base, Europe finally has a euro-denominated rail that pairs institutional-grade compliance with low-cost, always-on settlement. For companies moving money across borders and cross-currency corridors, this is not hype; it’s plumbing, fast, programmable, and auditable. Circle’s launch brought the mainnet version of its euro-backed stablecoin to Coinbase’s Layer 2, providing developers and treasurers with a smoother route to payments, trading, and lending in euro terms.

For Due customers, the timing matters. Due’s “money beyond borders” stack already supports EURC and USDC across blockchain rails, with international accounts, API and checkout built for real-world adoption. Adding Base widens the path: sub-cent fees, confirmations in seconds on L2, and compatibility with the EVM tools teams already use.

What Is EURC Stablecoin?

Think of the EURC stablecoin as a digital claim on one euro. Issued by Circle, it’s backed by cash-equivalent reserves and designed for 1:1 redeemability. The model is straightforward: mint when euros arrive, burn when they’re redeemed, plus monthly audit-style attestations and a public reserve breakdown. For enterprises, the appeal is not only price stability; it’s predictable compliance under Europe’s rules and predictable access to fiat off-ramps.

It currently circulates on Ethereum, Avalanche, Base, Solana and Stellar, and Circle plans cross‑chain transfer protocols so users can move funds across networks without losing the peg. On Base, this same instrument rides an L2 that compresses fees and block times while preserving Ethereum’s security guarantees. The point isn’t novelty, it’s interoperability. A euro token that moves across chains and workflows is more useful than a “walled garden” instrument.

The Top Use Cases for EURC Stablecoin

A euro-denominated stablecoin gives teams something they’ve never really had at scale: instant, programmable euro settlement on open rails. Over the past year, banks, fintechs, and DeFi protocols have wired EURC on Base into day-to-day money movement, markets, and treasury.

• Cross-border payments and remittances - Traditional bank transfers in the single currency can be slow and expensive. On Base, euro transfers clear in seconds, and industry executives estimate that euro-stablecoin rails can cut cross-border costs by as much as ~80% when you avoid USD routing, evidence of what a regulated euro-backed stablecoin can unlock for pay-ins and pay-outs.
• Trading, lending and liquidity provision - On Base and Ethereum, desks now quote EURC pairs, run collateralised lending, and provide liquidity in euro terms. During spring 2025, monthly transfer volume in EURC topped $2.5 billion and active addresses rose 66%, underscoring growing depth for euro markets alongside dollar books.
• Merchant and payroll payments -  Global companies price and settle in euros every day. With EURC, teams can script payouts, salaries, and marketplace settlements while retaining 1:1 redeemability into bank euros; Circle publishes reserve details and monthly attestations that treasurers can treat the instrument as a cash-equivalent store of value on the way in and out.
• Treasury management and hedging - Firms exposed to EUR-USD swings hold digital euros alongside dollar stablecoins to balance currency risk. With Circle Mint supporting mint/redeem on Base, CFOs can move between fiat and on-chain euros at par and on demand, then route liquidity into approved DeFi strategies or back to bank rails when needed.

How to Use EURC Stablecoin

1. Create access. Due offers borderless accounts and checkout flows out of the box, plus an API to collect in fiat (SEPA, ACH, PIX) and auto-convert into stablecoins like EURC at fair FX. If you prefer a direct issuer route, Circle Mint supports EURC creation and redemption on Base.
2. Fund and mint. Top up from a bank, mobile money, or a crypto wallet, then open a virtual EUR account linked to your EURC wallet. You can mint/redeem EURC 1:1 against bank EUR. When converting from USDC (or other stablecoins) into EURC, pricing follows the market rate + spread (not 1:1), with Due executing the stable-to-stable conversion instantly.
3. Interact with the ecosystem. With the coin in your wallet on Base, you can send payments that confirm in seconds at L2, swap on decentralised venues, supply liquidity to automated market makers, or borrow against positions. Developers integrate euro-denominated payments using familiar EVM JSON-RPC providers; because Base is OP Stack/EVM-equivalent, most Ethereum smart contracts run without changes.
4. Use it. Settle invoices, run payroll, post collateral, or route cross-border payouts. On Due, you can send funds to over 150 countries in EUR via SWIFT, or convert EURC into local currencies in more than 80 countries, including instant SEPA payouts across Europe.

EURC vs USDC: A Comparative Analysis

They’re siblings, not twins. EURC and USDC are cut from the same cloth, fully reserved stablecoin programs run by Circle, with monthly third-party attestations and a culture of disclosure, yet they serve different jobs in the market.

• Currency backing. USDC is anchored to the U.S. dollar; EURC to the euro. For companies with euro-denominated costs or revenue, the currency you settle in is not a detail; it’s the operating system of your cash flow.
• Regulatory framework. Both tokens conform to the EU’s MiCA regime for e-money-type stablecoins. In Europe, issuance runs through Circle’s French entity, Circle Internet Financial Europe SAS, which holds an EMI authorisation from the ACPR; USDC also sits within U.S. oversight.
• Market size and liquidity. Today, the U.S. dollar represents about 58% of foreign reserve holdings worldwide, while the euro accounts for just 20%. In the stablecoin market, the gap is even wider: EURC’s share remains under 0.5% compared to dollar-denominated tokens like USDC. As of September 1, 2025, USDC had a market cap of roughly $72.0B, while EURC stood at ~$235.9M with about 201.6M tokens outstanding. On Base, stablecoins total ~$4.34B, with USDC still dominant at ~89%—yet the structural imbalance suggests considerable room for euro-backed growth.
• Use-case focus. USDC remains the default for global trading and lending because of its breadth. EURC wins where euro exposure matters: compliant payouts in Europe, cross-border remittances priced in euros, and euro-denominated collateral or working-capital flows. Many treasuries now hold both, switching between them as hedging, pricing, and counterparties dictate.
• Interoperability. USDC already moves natively across chains via Circle’s Cross-Chain Transfer Protocol (CCTP); Circle has stated its intent to extend CCTP support to EURC, advancing a multi-currency strategy for on-chain finance. In the meantime, both assets interoperate at the application layer (DEXs, payment processors), especially on EVM networks like Base.

Benefits of Euro‑Backed Stablecoins Like EURC

A euro-backed stablecoin gives European firms a native instrument for on-chain finance. It anchors pricing in local terms, aligns with European consumer protections, and avoids unnecessary USD legs in cross-border flows. Crucially, it is compliant with the EU’s MiCA framework for e-money-like tokens, building on rules about reserves, redemption rights, and disclosures, comfort factors for auditors, boards, and regulators.

For developers, programmability is the kicker. You can embed payments, escrow, conditional lending, or invoice trading logic in a few lines of Solidity, then settle in EURC on Base with finality you can verify on-chain. For finance teams, the advantages are mundane but meaningful: faster reconciliation, fewer intermediaries, fewer surprises.

Why Businesses Choose EURC

Because it’s familiar and properly backed, Circle already runs one of the most scrutinised stablecoin programs, and EURC inherits that operating discipline. It also sits in a growing network of fiat ramps, merchants, and B2B payment providers, Due among them, the time from idea to go-live is short. And with Base’s predictable fees, euro flows become a product decision, not a budgeting headache.

Euro-Backed Stability & Global Reach

The euro is the world’s #2 invoicing currency. Having a compliant euro token on a mainstream L2 is the difference between proof-of-concept and production. Market structure is moving in that direction: MiCA has nudged participants toward regulated models, while non-compliant competitor products are exiting. Tether publicly set a redemption deadline and is discontinuing EURT, while Société Générale’s EURCV expanded on public chains under a bank-grade framework, signs of a sector standardising under clearer rules.

Adoption is already visible at the edge. Retail-facing apps in Amsterdam and elsewhere began accepting EURC on Base in 2024. For example, Cryptorefills added EURC payments over Base on Aug 8, 2024, shortly after Circle launched EURC on Base mainnet in July. Then broadened in 2025 as infrastructure matured. Corporate tooling has caught up, too: checkout, API collection, and back-office connectors now speak EURC natively.

How to Start Using EURC

Start where your frictions are. If supplier payouts are the pain, wire a small payments pilot: source EURC via Due or Circle, settle a handful of invoices on Base, and measure working-capital gains against fees you used to pay. If volatility hedging is the gap, split the treasury between USDC and EURC and monitor FX exposure. If speed to checkout is the constraint, plug Due’s API into your storefront and auto-convert inflows to EURC at receipt. Each path keeps you inside your existing controls, KYC, AML, and approvals, just with better rails.

FAQs

Q1. Is EURC an e-money-style token under MiCA, and is it compliant?

Circle states it issues EURC with 1:1 reserve practices and supports mint/redeem on Base; MiCA sets the rulebook in Europe for asset-referenced and e-money-type tokens. Always review your entity’s obligations, but yes, this design aligns with the framework.

Q2. How does this compare to EURT and EURCV?

EURT is being wound down with a 2025 redemption endpoint; EURCV is a competitor issued by Société Générale-FORGE under MiCA, expanding across public chains. Your choice depends on risk policy, reporting, and use case.

Q3. Where does Due fit?

Due provides Global Accounts, transfers, and a payments/API layer that can accept fiat locally (SEPA, ACH, PIX), auto-convert to stablecoin, and settle in EURC on Base, exactly the kind of operational tooling finance teams need.